China Gold
Gold: a Chinese Symbol of Wealth
In China gold is not only a symbol of wealth but also of good fortune. The latest gold rush in China has been fuelled by a combination of factors, such as the depreciation of the US dollar, and the price risen a wide range of commodities, including oil. In Beijing, 300kg gold bars minted by China gold coin Inc to commemorate the year of the Rooster, retailing at 125 Yuan (US$15.60) a gram, were sold out within 7 hours on November 19. Again on the 26 of November demand exceed supply even though the price had increased to 128 Yuan.
The strong demand for gold in China has been embraced by the nation’s banks and other financial institutions. The Bank of China’s Shanghai branch, in November introduced “Gold Treasure”. This has been designed to make it easier for the public to invest in gold. Instead of taking delivery of the gold the investor is given a document issued by the central bank certifying the amount purchased. The investor can sell the gold back to the bank and surrender the certificate.
The population of China is 1.2 Billion and China’s potential demand for gold is 37,000 tonnes A Reuters news report recently announced that Financial News, a newspaper published by Peoples Bank of China, urges an increase in gold reserves to diversify the nations forging exchange holdings. Chinas gold reserves stood at nearly 13 million ounces at the end of September, unchanged from the end of last year, official figures showed this nowhere near compares with the US government reserves of 262 million ounce. The newspaper also said Beijing should allow individuals to freely buy and sell gold and encourage residents to store gold. Until now Chinese residents have only been able to buy gold jewellery through retail stores.
It should be noted that the Chinese have used gold jewellery as a form of saving since time immemorial. “In case of an economic crisis, the state could buy gold form residents and use it to pay back foreign debt” the Financial News said.
China’s impact on gold could be as much as one ounce per capita as with the US, so should china achieve the same financial backing it would require 1.2 Billion ounces of gold or 37,000 tonnes. This is the same amount of gold in deposit today in all the Central Banks in the world. This sort of demand will send the price of gold soaring.
About the Author
South African born Keith has lived in the south of England for most of his life. After graduating from University with a degree in Business Information Systems Management he decided to start Strawberrysoup; a website design company based in West Sussex and Dorset.
Keith successfully gained entry into the Southampton University Air Squadron and spent over 12 months training to fly. Since then he has continued to follow his interest in flying and has now began his own training in the form of a Private Pilot's Licence.
Keith also spent 13 months working within the Image and Printing Group at Hewlett Packard in Bracknell. Throughout his time there, he was responsible for many activities including events organisation and website design and maintenance.
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China Gold
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 China Gold Panda 1 oz Coin COLLECTION 1982 2011 PCGS 54 coins BU Proof sets  US $200,000.00
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 CHINA NANKING CARGO 10 TAEL GOLD SYCEE RARE US $79,888.88
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 China 1987 12 oz God of Longevity Gold Proof Medal Mintage is only 200 Wow US $64,900.00
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 2000 GOLD PANDA PROOF LIKE 1 Oz CHINA NGC GRADING ERROR US $44,590.00
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 China 1999 02 1 2 oz Gold Beijing Opera Set NGC PF69 UC US $35,000.00
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 CHINA 1988 12oz 999 GOLD PANDA COA 0010 US $26,888.88
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 CHINA 1st SET BRONZE AGE GOLD ELEPHANT RHINO NGC PF69 PF68 RARE US $26,888.88
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 Original Sheet 10 1998 China Gold Pandas 25 Yuan 1 4 oz Sealed in Plastic US $25,999.00
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 1986 NGC PF66 Ultra Cameo 12 oz 999 Gold China Panda 1000Y US $25,990.00
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 China 1993 1 oz Sun Yat Sen Gold Proof 100 Yuan Coin US $25,000.00
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 China 1998 1 2OZ Rectangule Gold Coin Guilin Scenery 4pcs US $23,900.00
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 China 1995 2 Pc Japan War Gold Proof Set US $23,500.00
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 4 China 1 2oz color gold coin Peking Opera 1234 PCGS PR69696869DCAM US $19,999.00
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 10 1oz 1985 CHINESE 100 YUAN PURE 24K GOLD PANDA CHINA PANDAS COINS US $19,949.00
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 China 1981 1 2 oz Gold Ann of 1911 revolution US $17,500.00
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 1991 P PANDA 5 COIN GOLD SET NGC Proof PF69 PR69 CHINA US $17,094.35
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 China 1991 1 oz 100 Yuan Gold Proof 80th Anniv of Revolution NGC PF67UC US $16,995.00
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 Very Rare China 1912 Republic 20 Cents Pattern Gold NGC MS63 Rarity rating 3 US $16,888.00
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 4pc china 1990 1994 famous people 1 3oz gold coins set US $16,752.40
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 2001 D 5 COIN GOLD SET PANDA NGC MS69 CHINA MS 69 US $14,446.25
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 China 1995 1 oz Gold Proof Unicorn 100 Yuan NGC PF69 UC US $13,900.00
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 Very Rare China 1912 Republic 20 Cents Pattern Gold NGC MS61 Rarity rating 3 US $13,888.00
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 CHINA 1989 VERY VERY RARE SET PLATINUM PALLADIUM GOLD SILVER PROOFS US $13,888.00
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 CHINA EMPIRE FANTASY PU YI 8g GOLD VERY RARE US $13,888.00
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 1986 5 COIN PROOF GOLD SET PANDA PCGS PR69 PF69 CHINA US $13,636.35
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Does it look like China is going to win the most gold in this olympics?
China has 12 more golds than America right now and 1 medal ahead of the USA
Does it look like they will win?
Track & field hasn't started yet and swimming is not over!
Jesus, where's the cheating? History has shown that host countries get a 30-40% boost in medal count; and China has been rising its medal count steadily since its first participation.
I knew they were going to explode in 2008. They will probably beat the U.S. in gold medal count by a small margin; while losing in total medal count.
But who cares about silver and bronze anyways? Second place is the first loser, and that's Asian mentality. We are very competitive... Just look at the Men's team gymnastics final. The U.S. was jumping up and down with bronze, while Japan was clearly upset with the silver. We only strive to be the best.